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BRIEF-Australian Prudential Regulation Authority Announces Changes To Reporting Obligations Of ADIS And RFCS

Published 01/04/2020, 01:31 pm
Updated 01/04/2020, 01:36 pm
© Reuters.
PRU
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April 1 (Reuters) - Australian Prudential (LON:PRU) Regulation Authority:

* ANNOUNCES CHANGES TO REPORTING OBLIGATIONS OF ADIS AND RFCS

* GRANTING TEMPORARY EXTENSION OF NOTIFICATION PERIOD FOR CHANGES TO ACCOUNTABILITY STATEMENTS, MAPS UNDER BANK EXECUTIVE ACCOUNTABILITY REGIME

* CHANGES INCLUDE INTRODUCTION OF NEW REPORTING STANDARD FOR ADIS & RFCS REGARDING LENDING TO SMALL AND MEDIUM ENTERPRISES

* CHANGES INCLUDE DEFERRAL OF APRA'S PROPOSAL TO DETERMINE CERTAIN ADI DATA NON-CONFIDENTIAL UNTIL FURTHER NOTICE

* CHANGES INCLUDE DEFERRAL OF INTRODUCTION OF CERTAIN NEW REPORTING STANDARDS UNTIL MARCH 2021 REPORTING PERIOD Further company coverage: [ ]

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